Insight and inspiration in turbulent times.
Just as the world does not work too well at $147 oil, the energy industry does not work well with oil at $37. If $147 oil was a problem, then $37 oil is actually NOT the solution. Cheap oil might even be worse for the world over the long term.
Crude oil rises as Israeli attacks on Gaza roil Middle East
Robert Rapier’s top 10 energy stories of 2008
Gwynne Dyer on peak oil and the transition from oil
Byron King: Whither the oil markets
What will make headlines in 2009
Tumult in the life of a Calgary oil trader
Gazprom warns W. Europe could be hit by gas shortages
UK Times: Oil giants are itching to invade Iraq
Pengrowth acknowledge peak oil
Deutsche Bank: Demand for oil will fall by largest margin in 25 years
A recent history of oil prices
The Oil Drum’s year-end report
The big theme for 2009 economically will be contraction. The end of the cheap energy era will announce itself as the end of conventional “growth” and the shrinking back of activity, wealth, and populations. … My hope for the year, at least for my own society, is that we will transition away from being a nation of complacent, distracted, over-fed clowns, to become a purposeful and responsible people willing to put their shoulders to the wheel to get some things done. My motto for the new year: “no more crybabies!”
A weekly review including:
– Prices and production
– Russia
– Electric Cars
– Briefs
How realistic is it to believe that opening all of America to oil exploration and development will cause a surge in production?
Groups soliciting funds to buy BLM leases (student disrupts auction)
Coal front group sets up dirty ‘blogger brigade’
Korea oil bunker
If you don’t understand what is going on with the price of gasoline and demand for the world’s oil supply, then join the club.
Future aviation fuel supply is compared to future aviation fuel demand. … This scenario envisages a substantial lack of jet fuel by the year 2026. The aviation industry will have a hard time replacing this with fuel from other sources even if air traffic remains at today’s level. (Thesis advisor: Kjell Aleklett of ASPO).
Russia warns Europe it could face gas shortages
Japan Oil Imports Fall 17% as Recession Damps Demand
Mexico Looks To Buck Global Oil Trend By Raising 09 Spending
Pemex Oil Production Drops 6.5% on Cantarell Field
Lower gas prices won’t last forever, economists warn
State concerned about waste water from new gas wells
Amazon pollution case could cost Chevron billions
How the West’s Energy Boom Could Threaten Drinking Water for 1 in 12 Americans
There have been occasional claims from U.S. media sources that oil from Canada, specifically oil from the Athabasca oil sands region, can be the salvation for US oil woes in the future, assuming drilling everywhere in the US doesn’t do the trick. An example of such optimism was exemplified in a 60 Minutes segment about a year ago which gave the impression that the Athabascan region could supply much of the future U.S. oil needs.
